St. Paul Travelers (SPT) announced the release in book and CD form of a series of popular presentations that Lloyd “Skip” Daigle, Vice President of Agency Development at Travelers, has given to independent agents over the last 10 years on …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. from Hurricane Ivan are expected to be between $3 and $6 billion. RMS’ latest estimates are based …
American International Group, Inc. announced that AIG and its subsidiary AIG Financial Products Corp. (AIGFP) have received a “Wells Notice” from the Staff of the Securities and Exchange Commission (SEC). The notice, a preliminary to the filing of a lawsuit …
Bermuda-based Alea Group Holdings Ltd. reported strong first half results for 2004 with the reinsurer’s operating profits up 74 percent to $61.4 Million. Other earnings highlights included: — Underwriting profit before allocated investment return increased 108 percent to $23.1 million, …
XL Capital Ltd. is moving into new offices for its London operations, and will mark the occasion by announcing the insurer’s financial commitment to the UK charity Community Links — an East London organization dedicated to tackling inner city issues, …
Dublin-based Research and Markets has announced publication of the 20th edition of the “Airfinance Annual 2003/2004” to their offering. The annual “provides a complete international review of commercial aircraft financing — a comprehensive source of annually updated aviation market material, …
Bermuda-based Endurance Specialty Holdings Ltd. announced that Susan J. Patschak has joined Endurance Specialty Insurance, Ltd. as the head of its Property Catastrophe Reinsurance business unit. She joins Endurance with twenty-one years of professional experience, most recently serving as the …
Standard & Poor’s Ratings Services announced that it has assigned its “A-” senior debt rating to Australian insurer QBE’s Funding Trust III’s US$375 million 20-year zero coupon senior convertible securities (SCS). “QBE Funding Trust III was established specifically for the …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Guelph, Ontario-based Co-operators General Insurance Co. (CGIC) to positive from stable, and has affirmed its long-term “BBB-” counterparty credit and financial strength ratings. “The financial strength rating …
Even as aid workers in Haiti struggled to cope with the disaster caused by floods unleashed from the passage of Tropical Storm Jeanne, the death toll continues to mount. Agence France Presse reported that “in the northern town of Gonaives, …
